401(k) · DOL Form 5500 · 2022

Xcel Energy Inc 401(k) Plan

Data updated 2026-08-25

$494M
Total assets Above avg plan size
1,985
Participants Near avg headcount
98th
Percentile by assets National rank
$248,736
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee · Sponsored by Xcel Energy Inc · Minnesota · Utilities

$494M in assets, 1,985 participants

Xcel Energy Inc's New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee reported $494M in total assets and 1,985 participants in its 2022 DOL Form 5500 filing, ranking in the 98th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #618 in Utilities (738 peers)

Where New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee sits by assets

New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee sits in the top 5% of all filed plans by assets, $494M for 1,985 participants (~$248,736/participant), down 16.3% in 2022.

#618
in Utilities (738 peers)
-16.3%
assets change YoY
5.0×
vs typical plan assets (national mean)

The plan reported a net loss of $96M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee's outsized position by total assets

New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$493,741,290 Top 2% higher than 98% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee lands in the large band (1,985 participants).

Published 5500 schedule card

Filing strip 410448030 · Xcel Energy Inc PY 2022 · 401(k)

New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee · $494M · 1,985 · 98th

  • EBSA $494M
  • PART 1,985
  • TYPE 98th
  • NET 401(k)
  • BOOK near Genesys Retirement Savings Plan
  • VS-ST ind #618

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Utilities retirement plans → · Plans in Minnesota →

New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee in the asset neighbourhood

Biomarin Pharmaceutical Inc. Retirement Savings PlanBiomarin Pharmaceutical Inc.…$494MDfa Dairy Brands Smartchoice Savings PlanDfa Dairy Brands Smartchoice…$494MNew Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit EmployeeNew Century Energies, Inc. E…$494MGenesys Retirement Savings PlanGenesys Retirement Savings P…$494MSaputo USA 401(k) Plan$493M
End-of-year total assets ($M) among New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$590M
Net Assets (End of Year)$494M
Net Income-$96M
Employer EIN410448030
Plan Effective Date1989-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Xcel Energy Inc)

Sponsor-wide plan assets over time

All Xcel Energy Inc plans reported in each filing year

Latest sponsor-wide plan assets
$6.7B 6.830659372847735% vs 2022
2024 filing year
$6.2B$6.4B$6.6B$6.8B 202220232024 $6.26B $6.69B ▲ +6.9%
Year Plans Participants Total Assets
2022 8 22,725 $6.3B
2023 8 23,520 $6.6B
2024 8 23,238 $6.7B

Nearby 401(k) Plans in Minnesota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee, Total assets ($B): 0.49374129 · Participants: 1985New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit EmployeeUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 18.576379778 · Participants: 176886Unitedhealth Group 401(k) Savings PlanMedtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan), Total assets ($B): 12.198295 · Participants: 38825Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)Target Corporation 401(k) Plan, Total assets ($B): 11.216824857 · Participants: 400422Target Corporation 401(k) Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 11.138527656 · Participants: 371593M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 8.266408521 · Participants: 67646U.S. Bank 401(k) Savings Plan
New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee side-by-side with 3 peers →

New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Genesys Retirement Savings Plan in CA ($494M); by covered participants it is South Dakota Associations of Community-Based Human Services Retirement Plan in SD (1,985 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($494M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,985 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee assets move in 2022? ▼
New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee declined sharply - down 16.3% during 2022, from $590M to $494M. Reported net income was -$96M.
How have Xcel Energy Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Xcel Energy Inc's sponsor-wide assets grew 6.8%, from $6.3B to $6.7B.
Where does New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee rank by assets among Form 5500 filers? ▼
New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee ranks in the 98th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee? ▼
Among 401(k) plans in other states, the closest by assets is Genesys Retirement Savings Plan in CA ($494M, 2,730 participants).
Which 401(k) plans cover a similar participant headcount to New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee? ▼
Among 401(k) plans in other states, the closest by covered participants is South Dakota Associations of Community-Based Human Services Retirement Plan in SD (1,985 participants, $43M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 410448030.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.